North Dakota Terms & Rates

Leap Credit is a licensed direct lender in North Dakota. Here’s what that means for you – the borrower:

Choosing the right lender in the state of North Dakota ensures that all loan terms are compliant with the law. Let Leap Credit handle your loan while you worry about YOU!

North Dakotans are hardworking people. But even with a full-time job, you may find yourself suddenly facing a pressing financial need due to an unexpected expense like:

  • Medical emergencies
  • Home repairs
  • Car repair
  • Unexpected life events

You may not require thousands of dollars, but you may need a financial boost to get you back on your feet. Leap Credit can help.

Leap Credit provides North Dakota online installment loans. There’s no compounding interest. You tell us exactly what you need to borrow. We’ll make sure you understand the terms of the loan upfront.

Your North Dakota installment loan payments will be due at regular intervals–usually for the same amount per month. If, at any point, the repayment plan causes financial strain, contact us immediately. We can help.

We base our business model on the knowledge that you want to repay the loan. We’re in this together—partners in your financial security.

You can apply for a North Dakota Installment loan directly online or call us at (888) 532-7842 to speak with a representative. We will guide you through the quick application process, and let you know whether you are approved.

Once you are approved, we will transfer the funds directly into your bank account within two business days. We’ll help you work toward a payment plan that fits with your needs. Payment terms and conditions vary. We encourage you to pay your loan off early to avoid interest accrual.

Why is it important to find a licensed lender in North Dakota?

Finding a licensed lender in North Dakota is fairly simple. You may find that using a licensed loan officer takes a bit longer, as compared to an unlicensed lender. However, in the long run, you can be assured that a licensed lender in Mississippi won’t pass along illegally hidden fees and charges. Using a North Dakota licensed loan officer will save you headaches, frustrations, and—potentially–money.

A licensed loan officer in North Dakota will also ensure that you borrow within the laws of the state of North Dakota. An unlicensed lender may work outside of the state laws, leaving you unsure about whether the process is being done legally or illegally. A licensed lender has expert knowledge and can make sure that the loan follows North Dakota state law, but still meets your needs.

Because each state has its own laws and regulations, it is always recommended that you work with a licensed lender in your specific state.

What about an unlicensed lender?

While you might be tempted to find an unlicensed lender, we encourage you to take the time to research your options. Working with an unlicensed lender involves substantial risk. It is important to study and read the fine print on these loans. More often than not, an unlicensed lender will tack on a higher interest rate or add on hidden fees down the line.

Because there are many licensed as well as unlicensed loan officers throughout North Dakota, it can be confusing to try and sort all the available options. Remember that a licensed lender works within the parameters determined by North Dakota state law on each loan. Although an unlicensed lender may seem appealing because they can tailor a loan to your very specific needs, this incurs greater risk. If you choose to work with an unlicensed loan officer, there may be some fees and charges that you might not otherwise have with a licensed lender.


Taking the time to find a reliable lender that understands your needs and your situation is important. Life is full of uncertainties, whether it be a growing family, home remodel, or emergency repairs (to name a few). Don’t let your financial burden become a life burden as well. At Leap Credit, we will work hard to make sure your loan is handled efficiently, so you can continue to move forward. Don’t get bogged down with hidden fees and surcharges. Our licensed lenders will keep you informed and in control of your finances. We are here for you!

Tips for short-term installment loan borrowers in North Dakota

  • Pay down principal. When discussing your repayment terms with us, ask how you can make payments on your principal loan amount in addition to paying interest. The easiest way to pay off your loan quicker is to add a small amount to your minimum payment. Simply adding to your minimum payment (within your means, of course) will help you to pay off your loan quicker and get you back on track before you know it.
  • Portion your paycheck. Depending on your income, you can set up your installment loan payments accordingly. Work out your payments so that you only need to spend a small amount of your paycheck on your loan payments. Account for any other financial obligations you have, and budget it out. Allow yourself flexibility to afford day-to-day activities and needs.
  • Length of the loan matters. Depending on the need and the loan terms, always take into consideration the length of the loan. If the need arises, consider taking longer to pay back the loan. As you go through our application process, know what you can afford and how quickly you’ll be able to make payments.

Every loan is different, just like every need is different. Finding the right installment loan to fit your needs and your budget is important. Leap Credit North Dakota Installment loans are designed to be flexible enough for you to pay the loan back quickly, without any hassle. You’ll have convenient options, like autopay, and you have ability to pay off the loan early without any pre-payment penalty charges. Life is full of surprises, but your financers shouldn’t be. Let Leap Credit make your life a little bit easier.


Frequently Asked Questions: North Dakota Online Installment Loans

  1. What is considered an installment loan in North Dakota?
    • An installment loan is a convenient way to borrow money and pay it back over several payments. Your payment amount will be an equal amount with the potential exception of the first and last payments.
  2. What do I need to begin my application?
    • You must be a legal resident of North Dakota.
    • To begin your application, you will need your Social Security Number (SSN), permanent address, driver’s license, employment information, and banking information.
  3. How much income is required to apply for an installment loan?
    • To apply for a short-term Leap Credit loan, you will need a minimum monthly income of $1,800.
  4. Is this a payday loan?
    • No, this is not a payday loan. A payday loan is a short-term loan where you are typically required to pay back the loan in full on your next payday. Leap Credit offers short-term installment loans and no lump-sum payment is required. With an installment loan, you pay back the loan in installments over time until it is paid off.
  5. Can I pay off the loan before the payment schedule ends?
    • You can pay off your Leap Credit loan at any time without any prepayment fees.
  6. Terms and Conditions for North Dakota:
    • Please review the full terms and conditions and privacy policy for more information. Annual percentage rates (APRs) may vary based on loan term. Please see your loan agreement for the APR and other terms applicable to your loan.

Have more questions? Please refer to our general FAQ page or contact our Customer Service team at 1-888-532-7842.

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